Saudi Arabia sun electricity venture ushers in renewable generation
We’ve mentioned earlier than approximately the large motion remote places towards a renewable power future and this includes the house of one-fifth of the world’s validated oil reserves — Saudi Arabia. For many, Saudi Arabia symbolises opulent oil wealth, a wasteland kingdom so awash in the black stuff that fortunes are measured in billions no longer thousands and thousands. All presided over through the astute al-Saud clan. Which brings us neatly to this week’s rant. The latest Saudi Arabia sun strength undertaking is a part of a massive $US100 billion funding in sun strength with the intention to deliver an envisioned forty one GW of renewable power by 2032. Saudi company Abdul Latif Jameel has teamed up with Spain’s Fotowatio Renewable Ventures in a three-12 months assignment to construct solar strength flowers well worth $US130 million every in the desolate tract kingdom and the Gulf area. This activates the question: have the oil sheikhs visible the renewable writing at the wall? ...